Replies to This Discussion

Permalink Reply by Al Cramblett on June 28, 2011 at 1:57am

Here's another landowner friendly lease finalized and signed in mid-April, 2011 by approximately 2000 landowners.  The signing bonus was $2250  with a 17.5% gross royalty:

 

http://alov.us/images/_OIL_AND_GAS_LEASE_-REA_GROUP_draft_11-09-10A...

Permalink Reply by brat on September 19, 2011 at 10:01am

Al, I've read the ALOV lease on their website.   It looks good.  Can anyone use it, and what additions or corrections were made to that posted lease copy before signing?   What changes to it would you recommend?  Thanks

Permalink Reply by Al Cramblett on September 20, 2011 at 3:36am

Tad, there are several leases now available on the Internet. The AlOV lease signed by Chesapeake is not the one shown on the Internet. The AlOV website also has a copy of the SURE lease which I consider to be a bit better. There is a fundamental process to go through to get one's land leased. First step is to decide whether you're going to go alone or join a landowner's group. If you go alone, there is a significant challenge to get the oil and gas company to agree to your lease provisions. They want to use their own lease which of course is generally very oil and gas company friendly. I have a neighbor who alleged he has the "best lease possible" as he cut and pasted provisions from other leases. The irony is that I am currently negotiating with the same company as he is, and a senior official at that company told me that there's no way they would accept the "best lease possible".

Permalink Reply by Al Cramblett on December 6, 2011 at 5:11am

Following is a lease that was posted on another thread on this webpage:

Attachments:

• JRM lease.pdf, 623 KB